Streamr joins the Bancor Network for decentralized liquidity
Streamr, today announces the integration of the Bancor Protocol, a standard for autonomously convertible blockchain cryptocurrencies, to offer inter-chain liquidity to Streamr DATA token holders via Bancor’s Smart Tokens™.
By integrating the Bancor Protocol, DATA holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically converted to another directly from the Bancor Wallet or any Web3 wallet.
Streamr CEO Henri Pihkala said, “Integrating the Bancor protocol is another stamp of approval for our vision, mission, and technology. In line with our community-driven approach, today’s announcement will ultimately make it easier for our users to exchange data, with the security of continuous and autonomous liquidity.”
The Bancor Protocol is a standard for the creation of Smart Tokens, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilises an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all compliant tokens, without needing to match two parties in an exchange.
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